Common use of Cessation of Construction Clause in Contracts

Cessation of Construction. Prior to the completion of construction of the Improvements and equipping of the Project, the construction of the Improvements or the equipping of the Project is abandoned or work thereon ceases for a period of more than ten (10) days for any reason other than unforeseeable weather condition or force majeure, or the Improvements are not completed for purposes of final payment to the General Contractor prior to May 29, 2016, regardless of the reason for the delay.

Appears in 1 contract

Samples: Construction Loan Agreement (Applied Optoelectronics, Inc.)

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Cessation of Construction. Prior to the completion of construction of the Improvements and equipping of the Project, the construction of the Improvements or the equipping of the Project is abandoned or work thereon ceases for a period of more than ten (10) days for any reason other than unforeseeable weather condition or force majeurereason, or the Improvements are not completed for purposes of final payment to the General Contractor general contractor prior to May 29, 2016the completion date represented by Borrower to Lender, regardless of the reason for the delay.

Appears in 1 contract

Samples: Construction Loan Agreement (Timberline Software Corporation)

Cessation of Construction. Prior to the completion of construction of the Improvements improvements and equipping of the Project, the construction of the Improvements improvements or the equipping of the Project is abandoned or work thereon ceases for a period of more than ten (10) days for any reason other than unforeseeable weather condition or force majeurereason, or the Improvements improvements are not completed for purposes of final payment to the General Contractor prior to May 29, 2016, regardless of the reason for the delay.

Appears in 1 contract

Samples: Investment Agreement (Euroweb International Corp)

Cessation of Construction. Prior to the completion of construction of the Improvements and equipping of the Project, the construction of the Improvements or the equipping of the Project is abandoned or work thereon ceases for a period of more than ten (10) days for any reason other than unforeseeable weather condition or force majeurereason, or the Improvements are not completed for purposes of final payment to the General Contractor prior to May 29June ___, 20161999, regardless of the reason for the delay.

Appears in 1 contract

Samples: Construction Loan Agreement (Nevstar Gaming & Entertainment Corp)

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Cessation of Construction. Prior to the completion of construction of the Improvements and equipping of the ProjectProjects, the construction of the Improvements or the equipping of the Project Projects is abandoned or work thereon ceases for a period of more than ten (10) days for any reason other than unforeseeable weather condition or force majeurereason, or the Improvements are not completed for purposes of final payment to the General Contractor Contractors prior to May 29, 2016the Completion Date, regardless of the reason for the delay.

Appears in 1 contract

Samples: Construction Loan Agreement

Cessation of Construction. Prior to the completion of construction of the Improvements and equipping of the Project, the construction of the Improvements or the equipping of the Project is abandoned or work thereon ceases for a period of more than ten (10) days for any reason other than unforeseeable weather condition or force majeurereason, or the Improvements are not completed for purposes of final payment to the General Contractor prior to May 29, 2016the completion date represented by Borrower to Lender, regardless of the reason for the delay.

Appears in 1 contract

Samples: Construction Loan Agreement (Stearns & Lehman Inc)

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